Connect with us

News

Nigerian Government Asks Italian Court To Order Shell, Eni To Pay $1.09 Billion For Damages

Published

on

Nigerian Government has asked a Milan court in Italy to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages in one of the oil industry’s biggest-ever corruption scandals.

Nigerian Government Asks Italian Court To Order Shell, Eni To Pay $1.09 Billion For Damages 3

Reuters reports that Nigeria made the demand during a hearing into alleged corruption linked to Eni and Shell’s 2011 acquisition of the OPL 245 offshore field, on Wednesday, September 9, 2020.

Lucio Lucia, a lawyer for the Nigerian government, called for the advance payment ahead of a broader damages package to be set by the court at a later date.

The long-running case revolves around the purchase of the OPL 245 offshore field, some 150 kilometres off the Niger Delta, for about $1.3 billion from Malabu, a company owned by former Nigerian oil minister Dan Etete.

Prosecutors allege that about $1.1 billion of that money was siphoned off to politicians and middlemen, half of it to Etete himself.

READ:  Agbekoya Threatens To Use 'Magical Power' To Free Sunday Igboho From Benin Prison

Shell says the 2011 agreement was a settlement of long-standing litigation, following the previous allocation of the block by the Nigerian government to Shell and Malabu.

In July, prosecutors in the case asked for Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed.

They also requested the confiscation of a total of $1.092 billion from all the defendants in the case, the equivalent of the bribes alleged to have been paid.

On Wednesday, Lucia joined up to the request for seizure of that amount.

Etete, Eni, Shell and the managers accused in the Milan court case, including Descalzi, have all denied any wrongdoing.

KanyiDaily recalled two months ago, Italian prosecutors demanded a ten-year prison sentence for Nigeria’s former petroleum minister, Dan Etete, over an allegedly corrupt Nigerian oil block deal.

READ:  EFCC Drags Five Bankers To Court For Stealing N37 Million From The Dead

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

LATEST NEWS

Nigerians Drags Yul Edochie For His ‘Poor’ Mimicking Of Peter Obi In New Movie [Video] Nigerians Drags Yul Edochie For His ‘Poor’ Mimicking Of Peter Obi In New Movie [Video]
Entertainment4 hours ago

Nigerians Drags Yul Edochie For His ‘Poor’ Mimicking Of Peter Obi In New Movie [Video]

Nollywood actor, Yul Edochie has come under fire over his new movie where he mimicked the Labour Party presidential candidate,...

Family Loses Three Children As Building Collapses In Jigawa Due To Heavy Rainfall Family Loses Three Children As Building Collapses In Jigawa Due To Heavy Rainfall
News4 hours ago

Four-Storey Building Collapses In Gwarimpa, One Killed, Five Rescued

A four-storey building under construction has collapsed in Gwarimpa, the Federal Capital Territory, Abuja. Four-Storey Building Collapse In Gwarimpa Abuja...

I Feel Sympathy For Nigerians, Scarcity Of New Naira Notes Is Hurting Them - Fashola I Feel Sympathy For Nigerians, Scarcity Of New Naira Notes Is Hurting Them - Fashola
News5 hours ago

I Feel Sympathy For Nigerians, Scarcity Of New Naira Notes Is Hurting Them – Fashola

The Minister of Housing and Works, Babatunde Fashola has sympathized with Nigerians over the scarcity of the new Naira notes...

I Wasn't Paid After Acting With Mercy Johnson And Destiny Etiko - Actress Boma Dokubo [Video] I Wasn't Paid After Acting With Mercy Johnson And Destiny Etiko - Actress Boma Dokubo [Video]
Entertainment5 hours ago

I Wasn’t Paid After Acting With Mercy Johnson And Destiny Etiko – Actress Boma Dokubo [Video]

Nollywood actress, Boma Dokubo says has worked on the same movie with her senior colleagues, Mercy Johnson, Destiny Etiko, and...

"I've Over N10m To Buy More Weapons" - Bandits Leader Flaunt Wads Of New Naira Notes [Video] "I've Over N10m To Buy More Weapons" - Bandits Leader Flaunt Wads Of New Naira Notes [Video]
Metro6 hours ago

“I’ve Over N10m To Buy More Weapons” – Bandits Leader Flaunt Wads Of New Naira Notes [Video]

A notorious bandits leader, Kachalla Baleri, has been seen in a viral video flaunting wads of new Naira notes amid...

How My Husband Saved My From Failing Due To My Selfishness - Actress Bimbo Afolayan How My Husband Saved My From Failing Due To My Selfishness - Actress Bimbo Afolayan
Entertainment7 hours ago

How My Husband Saved Me From Failing Due To My Selfishness – Actress Bimbo Afolayan

Nollywood actress, Bimbo Afolayan has narrated how her husband, Okiki Afolayan, saved her from failing due to her selfishness. In...

CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline CBN Governor, Godwin Emefiele Says Banks Will Still Accept Old Naira Notes After Deadline
News7 hours ago

CBN To Banks: Pay New Naira Notes Over The Counter

The Central Bank of Nigeria (CBN) on Thursday, directed commercial banks to begin the payment of the new naira notes...

"Don't Come To Lekki, Sango" - Portable Threatens TG Omori "Don't Come To Lekki, Sango" - Portable Threatens TG Omori
Business8 hours ago

“Don’t Come To Lekki, Sango In Lagos” – Portable Threatens TG Omori

Nigerian Street-hop artiste, Portable has issued a warning to a video director and cinematographer, TG Omori. Portable has warned TG...

Tajudeen Olanrewaju Bakare Tajudeen Olanrewaju Bakare
Metro8 hours ago

Lagos Police Find Guns In Ogboni Leader Tajudeen Olanrewaju Bakare’s Home, Declare Him Wanted

The Lagos State Police Command has declared an Ogboni leader, Tajudeen Olanrewaju Bakare wanted. Ogboni Leader Tajudeen Olanrewaju Bakare Declared...

Zlatan Ibile Teams Up With Seyi Vibez To Release New Song, 'Let There Be Light' [Video] Zlatan Ibile Teams Up With Seyi Vibez To Release New Song, 'Let There Be Light' [Video]
Entertainment9 hours ago

Zlatan Ibile Teams Up With Seyi Vibez To Release New Song, ‘Let There Be Light’ [Video]

Rapper and singer, Omoniyi Temidayo Rapheal popularly known as Zlatan Ibile, has once again blessed his fans with a tune....

close